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Citigroup says Russian gas shipments to Europe have pushed European storage near full and added to oversupply. The bank suggests Moscow may be testing US LNG export resilience, and it estimates that restricting US LNG for two months could remove about 400 bcf of supply.
Otherwise, Russian pipeline flows may need to fall about 15% year on year.
A possible LNG restriction or Russian supply cut could tighten gas balances and lift prices. The link to feed commodities is indirect.
energynow.comJun 10, 2019After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
